Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2023

• 18 January 2023 8:00 pm

  Fed’s Jerome Powell tests positive for Covid

  

  “Chair Powell is up to date with COVID-19 vaccines and boosters. Following Centers for Disease Control and Prevention guidance, he is working remotely while isolating at home,” a news release by the US Federal Reserve said on Wednesday. Powell, 69, is “experiencing mild symptoms,” according to the announcement. Powell’s most …

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• 18 January 2023 5:50 pm

  US: Retail Sales decline by 1.1% in December, PPI falls to 6.2%

  

  Retail Sales in the United States declined by 1.1% on a monthly basis in December. This follows November’s fall of 0.6% and misses consensus estimates for a 0.8% fall. Excluding autos, core retail sales also contracted by 1.1% during the reported month as compared to a 0.4% fall anticipated and a modest …

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• 18 January 2023 5:12 pm

  Reuters: Ukraine’s interior ministry leadership killed in a helicopter crash

  

  The three main figures in Ukraine’s interior ministry have been killed in a helicopter crash beside a nursery in an eastern suburb of the capital Kyiv. Interior Minister Denys Monastyrsky, 42, died alongside his first deputy minister and state secretary. Seventeen people died when the helicopter came down in Brovary …

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• 18 January 2023 5:00 pm

  Annual inflation Eurozone fell to 9.2% in December

  

  The European Union’s statistics office (Eurostat) said on Wednesday that the rate of consumer price inflation slowed in the single European currency area in December, as expected, thanks to the continued decline in energy prices after reaching record levels earlier. Eurostat added that prices in the twenty countries that share …

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• 18 January 2023 2:24 pm

  European stocks continue their gains, supported by earnings reports

  

  European stocks rose on Wednesday as risk appetite was supported by a batch of positive corporate earnings reports, with the index on track for its longest consecutive period of gains since November 2021. And by 0815 GMT, the European Stoxx 600 index rose 0.3 percent, supported by a rise in …

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• 18 January 2023 2:21 pm

  UK inflation fell to a 3-month low of 10.5% in December

  

  Britain’s consumer price inflation fell to a three-month low of 10.5% in December, providing some relief to the Bank of England and British households, but food and drink prices continued to rise at their fastest pace since 1977. The decline in the headline inflation rate from 10.7 percent in November …

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• 18 January 2023 12:39 pm

  Yen fell after BoJ adhered to the policy of super easing

  

  The Japanese yen fell on Wednesday after the Bank of Japan kept interest rates very low, disappointing some investors who had hoped the bank would adopt more policy adjustments. The Bank of Japan surprised the market last month by raising its yield cap on 10-year bonds to 0.5% from 0.25%, …

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• 18 January 2023 11:32 am

  Gold is falling with the rise of USD

  

  Gold prices fell slightly on Wednesday as the US dollar strengthened, but expectations of a slower pace of Federal Reserve rate hikes limited losses. Spot gold fell 0.3 percent to $1,902.79 an ounce by 0256 GMT. US gold futures fell 0.2 percent to $1,906. The dollar index rose 0.3 percent. …

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• 18 January 2023 2:18 am

  Market Drivers – US Session 17/01/2023

  

  US stocks traded within a tight range on Tuesday after contrasting Q4 earning reports from investment banks Goldman Sachs and Morgan Stanley, while China unveiled disappointing annual GDP data. Wall Street’s S&P 500 edged 0.2 per cent lower, supported by rising prices for energy and banking companies, while the tech-heavy …

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• 18 January 2023 12:39 am

  Yellen, China’s vice premier meet on economic ties

  

  US Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic ties, global economic developments and talks are expected to focus on means to deepen communication between the world’s two largest economies.Yellen’s first face to face meeting with Liu stems …

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• 17 January 2023 11:20 pm

  GBP/USD reacts to strong UK data ahead of key Consumer Price Index

  

  United Kingdom’s Unemployment Rate data mainly pushed the British Pound’s latest rally. The GBP/USD pair is in the hands of the bulls on the front side of an hourly trendline ahead of key Consumer Price Index inflation data scheduled for release on Wednesday.The GBP/USD bears are eying a break of …

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• 17 January 2023 10:34 pm

  Earnings drop drags Wall Street lower

  

  US stocks traded within a tight range on Tuesday after contrasting Q4 earning reports from investment banks Goldman Sachs and Morgan Stanley, while China unveiled disappointing annual GDP data.Wall Street’s S&P 500 edged 0.2 per cent lower, supported by rising prices for energy and banking companies, while the tech-heavy Nasdaq …

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• 17 January 2023 9:23 pm

  Could BoC hike rate again despite Canada’s easing Inflation?

  

  The Data released on Tuesday showed lower-than-expected inflation figures in Canada. This data was largely as expected, so, the Bank of Canada is expected to raise rates by 25 bps next week before pausing for the remainder of 2023. The BoC’s core measures CPI-median and CPI-trim also decelerated by one …

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